Netflix Signs Producer Ryan Murphy to Multimillion-Dollar Deal
February 14 2018 - 1:36AM
Dow Jones News
By Joe Flint
In the latest sign of the escalating battle for talent in the
entertainment industry, Netflix Inc. signed producer Ryan Murphy to
a multiyear, multimillion-dollar deal to create content exclusively
for the streaming service starting this July.
Terms of the pact weren't disclosed, but people familiar with
the matter said the production agreement runs for five years and
has an estimated value of $300 million. Mr. Murphy is currently
based at 21st Century Fox Inc., which bid aggressively to retain
his services as he has created many hits for both Fox Broadcasting
and the FX cable channel. Shows that Mr. Murphy has produced
include "Glee," "American Horror Story," "American Crime Story" and
"9-1-1."
For Netflix, Mr. Murphy is the latest in a string of
high-profile signings. Last August, it wooed away Shonda Rhimes,
the creator of ABC hits such as "Scandal" and "Grey's Anatomy,"
away from Walt Disney Co. It has been equally aggressive in signing
up on-camera talent as well. David Letterman returned to television
with a series of specials for Netflix, and many big name stand-up
comedians left HBO for Netflix including Chris Rock, Amy Schumer
and Dave Chappelle.
Netflix has already been something of a second home for Mr.
Murphy. His drama "Nip/Tuck" for FX about fast-living plastic
surgeons was the first series Netflix licensed episodes for, and it
has since bought rerun rights to several other of Mr. Murphy's
shows. Before this new deal, Mr. Murphy already had two original
programs in the works for Netflix.
"Ryan Murphy's series have influenced the global cultural
zeitgeist, reinvented genres and changed the course of television
history. His unfaltering dedication to excellence and to give voice
to the underrepresented, to showcase a unique perspective or just
to shock the hell out of us, permeates his genre-shattering work,"
said Ted Sarandos, Netflix's chief content officer.
Although Mr. Murphy is moving to Netflix, he is still committed
to his current series on Fox and FX, some of which have several
seasons left to run. He also has a new show in the works for FX,
"Pose," a drama set in New York in the 1980s about the transgender
community.
Mr. Murphy's decision to jump to Netflix comes just over a month
after Disney struck a deal to acquire the bulk of the entertainment
assets of 21st Century Fox, including FX and the
television-production studio he has called home for many years.
Soon after the Disney-Fox deal was announced, Mr. Murphy joked at a
press conference that he had asked Disney Chief Executive Robert
Iger if he was going to have to put Mickey Mouse into his dark
drama "American Horror Story." He said Mr. Iger assured him that
wouldn't happen.
Still, Mr. Murphy made clear after the deal was announced that
the sale to Disney shook him up. He said before that, he thought he
would "literally be buried on the Fox lot" and that he was "not
prepared for what happened."
A Disney spokesman didn't respond to a request for comment late
Tuesday.
At Fox, Mr. Murphy had virtually unchecked freedom to pursue his
creative vision and enjoyed a very close relationship with Dana
Walden, chairman of the Fox Television Group. Ms. Walden's own
future in the wake of the Disney deal has become a source of
speculation as well. She may be in line for a senior position at
Disney if the deal is approved by regulators. There is also
speculation from people close to her that she may opt to join Mr.
Murphy's production business.
Ms. Walden didn't respond to a request for comment. A
spokesperson for 21st Century Fox's television studio declined to
comment on the departure of Mr. Murphy next year.
21st Century Fox and Wall Street Journal parent News Corp share
common ownership.
Write to Joe Flint at joe.flint@wsj.com
(END) Dow Jones Newswires
February 14, 2018 01:21 ET (06:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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